An Giang targets $890 million in export turnover this year

Saturday, February 09, 2019 14:55

The Mekong Delta province of An Giang is striving to earn $890 million in export turnover in 2019, up 5.95 percent against the previous year.

Deputy Director of the provincial Department of Industry and Trade Doan Minh Triet said An Giang sees a strong export growth of key products such as aquatic products, rice, textiles and frozen vegetables in both traditional and new export markets. The province is working hard to realise its export-import strategy, he added.

An Giang is paying attention to improving the quality of export products, and boosting exports to potential markets such as the Republic of Korea, Japan, and European countries.

For aquatic products, enterprises are seeking to expand exports to China and Africa in the context that local exporters are facing difficulties related to tariff barriers and food safety quarantine in the US and European Union markets.

The local authorities have planned to give support to enterprises in seeking export markets through regularly providing market information related to price, trade policy, while trade promotion activities will be enhanced.

Efforts will be made to get information about the export-import policy of China and Cambodia, thus supporting local firms to promote investment in border areas.

In 2018, An Giang recorded the strong export growth of its key products in traditional markets such as the Philippines, Malaysia, Cambodia, Singapore, China, and the US. Local exporters also entered potential markets such as the RoK, Japan and European countries.

An Giang’s export turnover in the year hit $840 million , up 2.42 percent year-on-year. It mainly exported rice, textiles, and frozen vegetables.

Sharing the borderline with Cambodia, border economic activities have helped boost An Giang’s exports to the neighbouring country and other regional nations.

Commercial banks have to adjust the limit of cash withdrawals in foreign currency abroad to the maximum equivalent of VND30 million (US$1,280) per day for international credit and debit cards from early this year to meet a central bank regulation.

According to Ms. Ta Thanh Binh, head of the Securities Market Development Department under the State Securities Commission, economic positive prospects this year will create great favorable conditions for Vietnam’s stock market.